The Fed’s QT to weigh on deposits, growth
Declining bank liquidity to translate into tougher credit conditions, Fitch says
- By: James Langton
- April 21, 2023 April 21, 2023
- 13:33
February retail sales down 0.2% overall, clothing and accessories up 4.4%
In other fund news, Mackenzie launched a new sustainable fund
The agency said all paper returns “will be stockpiled for future processing"
Changes to dealer rules, trading rules aim to facilitate shorter settlement cycle
Auditor recommends OSFI sets clearer guidance about the information banks must report in their transition plans
NASAA survey on investor threats finds digital asset schemes top the list
Monthly increase in EI recipients comes off historic low in January
Impact so far is modest amid a variety of challenges, FSB finds
At the bank's annual meeting, shareholders were left with few answers on the US$13.4-billion takeover
CSA and CCIR finalize CRM3 rules, give industry until 2026 to adopt
Investor lost $1 million based on deception about company's ownership of a hotel
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales